Can you sell phantom stock?

Since phantom shares are not the same as real stock, you don't have to worry about employees voting down key decisions, such as selling the company.

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Book Value Phantom Stock Plan of First Florida Banks...

Riverside California Book Value Phantom Stock Plan of First Florida Banks, Inc.

Name: Riverside California Book Value Phantom Stock Plan of First Florida Banks, Inc.
Brand: US Legal Forms
Rating: 4.74 (229 reviews)

Category:

Corporations - Public - Incentive Compensation Plans

State:

Multi-State

County:

Riverside

Control #:

US-CC-20-162A

Format:

Instant download

Description

20-162A 20-162A . . . Book Value Phantom Stock Plan under which Committee of Board of Directors may, from time to time, grant quantity of phantom shares to selected employees, each share being equivalent to one share of corporation common stock. Phantom shares may be exercised at any time within ten years of date of grant (subject to certain limitations in event of termination of employment) Upon exercise, employee is paid cash equal to increase in underlying net book value per share on fully diluted basis of shares between date of grant and date of exercise

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FAQ

In an effort to motivate and retain key employees, some privately-held employers create phantom equity plans where the employees are given many of the benefits of stock ownership without actually being given any stock in the company.

The phantom stock becomes a liability that the company must eventually convert to either cash or company stock. In privately held businesses, company stock is rarely an option. employees like these plans as any phantom stock they receive is not taxable until converted into cash by the company.

Phantom stock plans do not result in shareholder dilution because actual shares are not being transferred. Employees do not become owners. Instead, they are potential cash beneficiaries in the underlying company value.

Phantom stock plans can be a valuable method for companies that seek to tie incentive compensation to increases or decreases in company value without awarding actual shares of company stock.

A phantom stock plan is an employee benefit plan that gives selected employees (senior management) many of the benefits of stock ownership without actually giving them any company stock. This type of plan is sometimes referred to as shadow stock. Rather than getting physical stock, the employee receives mock stock.

Phantom stock is considered deferred compensation and is therefore subject to Section 409A, unless an exemption applies. As such, where an exemption does not apply, the payment triggers must comply with Section 409A.

Since phantom shares are not the same as real stock, you don't have to worry about employees voting down key decisions, such as selling the company.

To the extent that phantom stock is considered a security, private companies generally rely on the exemption from registration under Rule 701 of the Securities Act of 1933, which allows a company to offer securities to employees under a written compensatory plan if: (1) certain disclosure requirements are met and (2)

The answer involves two variables: (a) the presumed value of the company, and (b) the number of shares to be used in the plan. Once these two answers are known, the phantom share price is calculated as the former (the value) divided by the latter (the number of shares).

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Company Name. Address. City. State. Primary Zi PhoneNumber.The equity price is sometimes based on a value for a group or division within a larger company. ("Gourmet Guru") in a cash transaction. 2022 Really Useful Group Ltd. All plans are in accordance with the Government's latest directives and therefore subject to change. I attended Army basic training, AIT, then Officer Candidate School after graduation from SDSU. Assist in the coordination of such litigation. Miller is a doctoral candidate in the Graduate Degree Program in Ecology at Colorado. After shining her light for 98 years, Patricia Peck Tiebout died while sleeping at home in Princeton, in the early morning of May 9, 2022.

Riverside California Book Value Phantom Stock Plan of First Florida Banks, Inc.

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What is a phantom equity agreement?

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Is phantom stock subject to 409A?

Can you sell phantom stock?

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What is the Riverside Book Value Phantom Stock Plan?

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Who is eligible for the plan?

Are all employees granted the same number of phantom stock units?

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Can employees sell their phantom stock units?

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